Best Buy is taking its best shot at stealing some online market share from Amazon.com with a completely new service meant to challenge the world's largest e-commerce company. Best Buy Marketplace will substantially increase the number of products available at the Best Buy website.
A confidential memo obtained by Bloomberg reveals some big concerns at Walmart -- its U.S. sales, particularly at stores open at least a year, are in big trouble. It's the latest in a long list of bad news for the domestic chain and will certainly put more pressure on CEO Mike Duke.
Home retailers Bed Bath & Beyond and Pier 1 Imports are scheduled to post quarterly earnings this week, along with Monsanto, the biotech, agriculture and chemical giant. Here's what analysts expect to see.
Many of America's best-known retailers, including Walmart, Home Depot and JCPenney, will be stepping into the earnings spotlight this week. Their reports come on the heels of disappointing January retail sales numbers from the Commerce Department.
When IBM raised its buyback authorization by $10 billion on Oct. 26, it was the 259th company to announce repurchase plans in October alone. Citi Investment Research says a long-term trend of rising buybacks has only just begun.